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Yeah, well I am not laughing, I have a lot tied up, so laughing is not something I am doing right now. Abandoning at this level makes no sense, this will rally, I don't know how fast or how long or how high, but it will, with upcoming and hopefully steady news, and at that point it will be much easier to decide about an investment strategy with XCLK. I have always been and continue to be conservative. If this can reach .001 and hold there, and use that as a launching point to the next stage, I would be very very happy.
I feel these guys are going to blow it out of the water, I really do.
Reading the 8-K can be confusing if you don't understand all of what they are doing. While the share count has increased to 157 Mill, a lot of those shares will be retracted when investors exercise the conversion to gold option - evidently people want gold instead of shares of stock, to each his own.
Just watch carefully the next month or so. Albeit the delays beset by our great govt. over the past couple years have been discouraging, management has continued to push forward with resolve and the belief that there's gold in them there hills. We are so close at this point, and short of any unforeseen circumstances, we should be seeing gold pulled out of the ground at a blistering pace.
This talk of SCAM on this board is a bunch of crap. There is NO scam here, point it out with evidence it it exists. And accusing Naylor of being in a lawsuit also is a bunch of crap, and even if he was, so be it, many people gets sued.
Speaking of gold, the price has dropped again and the bears are all crying for $1000 or lower/ounce. That is discouraging, I am still hoping we hit the bottom already, but regardless I feel the downside is still limited. I do feel that the gold stocks have already bottomed, but again, they have retraced significantly along with gold's selloff.
But that's what I like about ITEC, the price of gold will not affect them as much as a pure mining company (they are financial and management company for miners vs. pure miners).
Jandreoni, keep an eye out on the www.otcmarkets.com site under XCLK for further releases in the very very near future. I think things get released early in the morning between 6 and 7am and show up there before anywhere else, keep an eye out for news there, which I am doing each day, or you can wait until you read about it here on iHub. Fair enough?
Also keep in mind that XCLK releases (press and financials) have never seemed to have an affect on the stock price when they are announced, even what I would consider good ones. Then recall Hillary announced and it took off without any releases. So, unless any releases talk about revenue, in my opinion, they won't be market moving, but that is just my opinion based on past observations, one day this could certainly turn out to be different.
I did say exactly that 6 months ago leading up to and after her announcement, and it still holds true and will continue to hold true. XCLK has an amazing opportunity, I hope they make the most of it
Well, keep in mind that companies have good intentions, I certainly believe that they thought at the time things could go well, but things dont always turn out the way one would want.
I really want to deal in facts that are current, and not live in the past (but still make sure to do due diligence on the past which you have done well) and we need the company to update us on those facts which has finally now started, albeit much of the 10-K we already knew.
I'd like to think that Hillary has so much potential, I really believe that, but I want to see big big revenues from that effort. They should be able to do that with all the infrastructure in place. I think what's holding them back is money to be able to make that happen, which is obviously a huge barrier, combined with these leftover loans. Let's see what they can produce here.
I literally havent talked to Kurt in over a year, I don't know what significance he has in making XCLK run and its operations. And that number of shares, worthless at this point based on the price he got them at, whatever that price was. Right now that's worth 800 bucks.
I am hoping for management to shake things up in any way imaginable to rejuvenate XCLK and move boldly forward. Let's see if they have their act together.
Be clear everyone, in my opinion there is NO slam dunk here, I know that many feel there is, while others feel there is no chance. As one of the largest shareholders, I find myself in the middle, but with a positive bias. If they surprise me, then awesome, otherwise I will be tempered until I see results. I certainly will take some off the table as it recovers just to better diversified.
Best to you Johnny and everyone else that is sticking it out.
Maybe but whatever it is its insignificant. they are not even advertising anymore and so without getting the word out there, you can be sure there really isnt any significant business. I'm not holding my breath on this one but maybe we can get a surprise at one point.
Sort of like the stock buyback, with limited funds how can you buy back anything, you have to pay your creditors first.
I would think that a pure sell would make more sense in my mind, but I don't know for sure. If anything major happens I don't know if I could find out in advance or share it, but as of now I don't know more than what they have shared in that release a while back. I'd think it would be worth at least a couple hundred K after all the years of effort they put into it, and that is money the company could certainly use now.
That certainly is a wildcard. I know that the intellectual capital they have with co-signer, just the web site name and content alone, has value, it's a matter of finding a buyer for it. I just don't know where that resides in their list of priorities. I'll tell ya, when the real recession hits and people are losing jobs in a large scale, then this concept will rise to the top again, but that could be a while off. In the meantime I hope they can drum up some significant interest in it and spin it off for some value.
I understand they will be releasing news via some 8Ks, so look for that very soon. I understand press releases will be coming, but not quite yet. This is probably under advisement similar to the "no communication" spell we just endured.
Unrelated note:
Just about all the bad news information in the 10-K we already knew, anyone just has to look at all the previous filings and add it all up, it certainly is very ugly. My understanding is that they've learned their lessons regarding toxic lending, but also maybe they, like many penny companies, don't have better options, I don't know. Painful though, very very painful. But, I credit them for putting a stop to it, hopefully that works out better for all of us.
Well absolutely not, who said anything about that. They have 3 10-Qs delinquent to file, two late and the other one will be late in a couple weeks. They will file each of them one after the other, hopefully the first one this month though I dont know timelines of any of them (and they may not be sure either at this point).
I would never play such a mean joke, especially in the first sentence (effectively the title of) of a post, not after what so many of us have had to endure. I realize very well that many truly believed it would never get filed and I completely empathize with that!
Some news from the company will be forthcoming to keep us up to date, whether it will be interesting or not I don't know, but we should expect to see some items over the next few weeks, including the first 10-Q out of the gate. Till then I expect we could be locked in around these prices, and while the market may or may not have other ideas, eventually substantial news should force it up.
In any case, clearing this first hurdle is a huge milestone and should be celebrated.
yeah where was that buyer when we were at no bid last week. where was he/she? did he not have faith then? Does it take the release of a filing to instigate buying? I guess so! LOL
The conservatism that has built up in me says we remain stuck here for a while but at least no more .0001s. But, I'd love to be wrong on that one, let's see how how the day plays out. People may have the attitude, show me the money, in which case we have further waiting. But let's not forget, this is for 2014 LOL
you're welcome. for what it's worth, I am no expert.
Regarding the lack of communication, as I mentioned in a previous post, while I know some of the reason as to the lack of communication, and while I would not have made the choice that was made based on what I know, as it caused many of us (including those no longer here) much pain, I defer to the company that they did so based on the advice they received and that they were not trying to purposely deceive or stonewall investors. I am giving them the benefit of the doubt but each of us has to make our own judgement on that one. I hope this becomes a non-issue going forward, we'll see.
Not a lot of surprises for me, I've known about some of this at a high level.
- As I mentioned they have not diluted and they are in a lawsuit with a lender for that which I hope they are trying to work out in some amicable way outside of issuing shares, which WE ALL WOULD APPRECIATE.
- It mentions the following re: accounting issues for 2014, and that they are trying to improve for 2015. That sounds like a nice way of saying that they are trying to fix issues internally in order to do better with accounting for a small company and that is at least a partial explanation of the severe lateness in filing that we just lived through.
"Management’s Report on Internal Control over Financial Reporting
Our management is responsible for establishing and maintaining adequate internal control over financial reporting (as defined in Rule 13a-15(f) under the Securities Exchange Act of 1934). Management has assessed the effectiveness of our internal control over financial reporting as of December 31, 2014 based on criteria established in Internal Control-Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission. As a result of this assessment, management concluded that, as of December 31, 2014, our internal control over financial reporting were not effective. Our management identified the following material weaknesses in our internal control over financial reporting, which are indicative of many small companies with small staff: (i) inadequate segregation of duties and effective risk assessment; and (ii) insufficient written policies and procedures for accounting and financial reporting with respect to the requirements and application of both US GAAP and SEC guidelines.
We plan to take steps to enhance and improve the design of our internal control over financial reporting. During the period covered by this annual report on Form 10-K, we have not been able to remediate the material weaknesses identified above. To remediate such weaknesses, we hope to implement the following changes during our fiscal year ending December 31, 2015: (i) appoint additional qualified personnel to address inadequate segregation of duties and ineffective risk management; and (ii) adopt sufficient written policies and procedures for accounting and financial reporting. The remediation efforts set out in (i) and (ii) are largely dependent upon our securing additional financing to cover the costs of implementing the changes required. If we are unsuccessful in securing such funds, remediation efforts may be adversely affected in a material manner. "
- There have been some loans to keep the company going for the time being from McKea Holdings, AVLP, etc. and so thats an indication that there is a belief in the companys future, along with the fact that they actually filed this 10-K instead of giving up.
What I would like to see is some sort of press release at this point. The 10-K as mentioned did tippy-toe into 2015 which is fine, and while there should be 3 10-Qs in the queue that hopefully will be issued within weeks, I don't want to wait that long for a warm and fuzzy PR or at least some meaty FB posts and some more effort there.
10-K now available for download at:
http://www.otcmarkets.com/stock/XCLK/filings
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10981780
While it does cover 2014 with all the conversions, it also has mention of financials in 2015 including all the conversions that took place through March (there was one conversion that they had never reported via an 8-K like they did for all the others, I was always wondering about that since the O.S. had increased slightly to 2.63 billion, but NO dilution confirming what we've been saying all along.)
Enjoy
Well done CrossClick!!! The "very very very soon" appears to have worked out, finally. Will sleep a little better this weekend. Look forward to the report on Monday.
I sincerely hope that after the filing and subsequent ones, the word "Scam" and other such talk can be put to rest on this board. As I have stated many times, if they don't make it, it won't be because someone was trying to "scam" investors, but b/c they were trying to build a legitimate business but were unsuccessful in doing so, which by the way happens all the time.
But no, I think they will be successful, it might take some time, hopefully they'll have enough of it to get through the next stage of growth and development.
Keep the faith all! Trick or Treat!
4 verys may be pushing it (I am in agreement with 3 of them), but it wont matter soon enough.
It's good to see FINALLY some activity on this board, I was really getting lonely. I will try to find out answers to some of the concerns being raised here, but not sure I'll be able to or not.
Is there anything wrong with being compliant to the canadian standard? Is there a US standard they can be compliant with? If not, then can it hurt to be compliant with some standard since it would show a due diligence beyond what is expected in the industry?
I'd be interested in feedback on the report. It's not my field and so reading it is well, a bit laborious. Maybe by the time the test results are in in the next couple weeks, the report wont have as much relevance, I don't know.
Also I'd be interested in how one would value the company assuming they can mine at the rate/volume they are hoping for. 92 million shares is a lot, but my understanding is that that's it. Though that is not to say they might not do further financing for upcoming faster growth path, but that would be a positive I would think. I think they are expecting this project to get them into the black and quickly.
There's over a thousand registered shareholders, they simply cannot talk to everyone or for sure they would never make it. I have a lot of shares. I talk to them regularly and have an NDA, so don't feel bad that you have not been responded to, as frustrating as that is.
If you read my posts you'll find that while I am cautiously optimistic, I also try to be as realistic as possible while maintaining sanity.
I've talked to them about your point. They are really hoping that it will be before, in which case no suspension ? :)
They're doing the best that they can is my understanding, as hard as that might be for most to believe
I repeat, we are VERY VERY close. I am very confident with a tempered excitement.
I wish I could say more here, I really do. At this point I am guessing that the company will (eventually - sooner than later) provide reason(s) for the humongous delays, but I don't know that for dead sure, that's their call, but I see no reason why not. What I will admonish is not to make final conclusions about the company's character or trustworthiness without all the facts.
I believe that XCLK will come out of this mess, it may take a while to do so, but they will do it. I expect that they'll be able to release substantial news over the next few weeks and months so that people can make informed decisions on what they want to do with the stock (buy, sell, hold, or a combination). I expect to sell some to diversify and invest in other opportunities, but hold a decent portion, but again that could change based on the news and price pattern movement.
Understood. Hope it works out for you however you end up getting out. It will be interesting to see if any of us "changes our minds" as news is released, I believe that that is certainly possible but we'll just have to see.
Let me help remind you ....
From me and others on this board :)
It is what it is. I'm simply reporting what I know, if it hasn't or doesn't work out with regards to the timing I have posted, then my conscious is clear and I have from day one posted honestly about what I believe to be the truth on this or any other board I have posted on for that matter.
Now with regards to share price, while it has been said here many times that the price should go up just via the filing, which I believe is possible, I am not convinced how much, simply based on the disgust that has (rightfully so) accumulated over these last 6 months. I assume many will be selling just to get out and move on (part of me is feeling that and I will certainly take some off the table if possible), and so buyers will have to swoop in (maybe this board will start getting tons of attention on this site like it had in the past to attract buyers) to move the stock upwards and away. Maybe there will be substantial news to spark a legitimate rally, I don't know, but I certainly am hoping for it (even if it takes another 6 months).
Fair enough.
The waiting has been difficult but in a relative sense, very very close to the end vs. the beginning of this whole process. Very exciting nonetheless.
The stock has remained in the 4.5 - 5.5 cents/share for a while now and is available for purchase at those prices but hopefully not for long.
My due diligence has not cited any red flags and through this have learned how involved and lengthy this process can be. I would like to go onsite if I can arrange it.
UPDATE: We are VERY VERY close to filing.
But I won't provide a date b/c I said won't before on this board.
I also want to caution putting a lions share of the blame for the tardiness on the company when we don't know all the details (I do know some things but will not share them on this board). On the other hand, we can certainly be very upset for the lack of communication which obviously has been a conscious decision on the part of the company.
While I don't know what will be in there, I suspect it won't include anything super significant (unless very recent) since material events would supposedly have had to be reported independent of the standard filings, but it is of my opinion that as hampered as XCLK has been through all of this, they will be able to move forward in a positive way after this and subsequent filings.
And I truly hope they will reward the long term investors over time as they said they would.
Would you call it a scam if they start pulling gold out of the ground at a rapid clip in the next couple months? They are doing the bulk testing program right now and will post results by mid November, I am hoping for even earlier than that. Let's see what they get and then revisit your statement, I think you'll be surprised.
hmm excellent point, I never noticed that. also noting that that filing doesnt show up under the News section of XCLK - the last entry was from 6/1, confirming that the OTCMarkets page is the place to go for complete info. Interestingly that filing mentions Aug 15th which I recall the removed post did not mention, and so they dont align exactly but sound pretty much the same otherwise. So I feel a little better about it. Anyway it's all old news but it is the last official news which is approaching 3 months ago. Thanks for pointing that out.
I completely understand your sentiment. I have lost too many hours of sleep over this debacle and my disgust level is probably high than nearly anyones. I do believe though that your statement (minus the LMAO - which ironically I had to look up the meaning as I never knew all these years what it meant), as hard as it is to believe, will end up being true and I say that only b/c I have been in touch with the company through this entire period. If it wasn't for that, there is no way I would believe it either.
Regarding the question asked about the latest FB post being removed, I was ripping mad about that as well, but I did find out not too long ago that it was done by a contractor inadvertently and should not happen again. I am not a FB user but I assume that once a post is removed it cannot be reposted for the date that it was originally posted, so reposting for a recent date I dont think would be the best thing to do at this point in time. Being silent is what the company has decided to do to all of our chagrins, but to be clear, the filing is coming.
I'm back.
OK no filing this past week, was really hoping and expecting we would see something, I'll see what I can find out.
On vacay now. This week I was hoping but as mentioned dare I offer a date which I don't know anyway. A lot going on I was told. All good stuff. This is a buy simply on the news of filing which I personally consider a certainty as scary as that sounds to some on the board
You lucky bastard (please take no offense to the terminology, I mean it in a real good way, good for you). I am restricted from buying but I got to say its been very very tempting, and I even tried to rationalize that no bid gives me the ok to buy since by definition it means nobody wants shares, but better to play it safe, and I do have tons of shares averaging in the .0004 - .0005 region, so I should be ok. Way to go!
Thanks for the post, appreciate the concern and the time you took to share.
Now I actually have pictures of the inside of their offices on Las Vegas where they do in fact do business, along with some people who work there, but I dont have permission to share them here unless I would get ok from the employee who has shared them with me, and I dont think I would ask my contact for that permission, I dont think sharing pictures of people is right to do in this forum for privacy reasons, but I guess I could ask, but am now on vacay for a week...
and I hope by the time I return after next week that conversations like this one are no longer ones we need to have.
Well, OK, that's different than pointing towards an insider or the company doing this ...
unless you are implying an insider colluding to pump and dump which is totally illegal and none of my research tells me that that has happened.
What I will say is that, as I have said before, this stock has NEVER been pumped and dumped or promoted in any way (which is like throwing ones money away). No insider has made ANY money on this stock (i.e. Todd Ault) but in fact just the opposite - totally running at a loss in the hundreds of thousands maybe more. So pump and dump, no it is not (not yet at least :). Something to think about.
Well, I can certainly understand people wondering, will they even file this year? The answer is yes, and a hellava lot sooner than that. It's been an excruciatingly difficult process and I believe they are at the very end. This might be one of those severe 1 in a 1000 exceptions where things simply didnt work out for a littany of reasons that all came together, what do you call that a "perfect (terrible in this case) storm", that is how I am looking at it.
Others may look at this as the normal behavior of a penny stock to go dark and eventually die, and so based on the law of percentages I would fully agree. But there are always exceptions, and I believe this to be one of them.
OK, I would only implore that whomever has not sold to hold tight, even add if you can. Good things are coming, I simply am not able to share that in this forum, and the audit IS going to be filed, period, end of question, and I certainly don't know all of the details, but at this price, well, as we know, you cant buy for cheaper than this. $1000 = 10 million shares. Think about it. Just the filing of the audit alone should be worth something.